Call your 10-year-old cousin... If you haven't heard of Roblox, you're probably old enough to drive. ~75% of Americans ages nine through 12 use the online gaming platform to play with friends. Roblox stock soared Wednesday after it direct-listed its shares on the NYSE (sorry, IPO). The tween favorite notched a $38B market cap, up from the $29.5B valuation it snagged in January. Roblox makes robucks by taking a cut of the money that players spend on user-generated game upgrades. It's growing fast, but hasn't turned a profit.
Let your Seoul glow... Coupang (aka: the Amazon of South Korea) raised $4.6B in the biggest US IPO of the year. Coupang shares soared 40% on Thursday after dropping on the NYSE. The ecommerce bigshot finished the week with an $83B market value (5% of an Amazon). But it's one-upping Prime with guaranteed same-day or next-day delivery. That's not surprising, when 70% of South Koreans live within seven miles of a Coupang warehouse. Sales nearly doubled last year from 2019, and Coupang's loss shrank to $475M (still huge).